MALAYSIA’S economic growth will provide the central bank with more room to tighten monetary policy as the Federal Reserve increases interest rates, caretaker Finance Minister Zafrul Aziz said. Gross domestic product (GDP) data to be released this week will show the economy was stronger than expected in the third quarter, he said in an interview on […]
Read MoreKUALA LUMPUR (Nov 7): Fitch Solutions Country Risk and Industry Research expects Malaysia’s interest rates to peak at 3.25%. In a statement last Friday (Nov 4), the firm said it expects inflation to stay above its historical average, and with real interest rates still negative, this should prompt Bank Negara Malaysia (BNM) to continue normalising its […]
Read MorePETALING JAYA: Bank Negara’s Monetary Policy Committee (MPC) has raised its benchmark overnight policy rate (OPR) by 25 basis points (bps) to 2.75%, with the central bank stating future policy action need not remain on the linear trajectory seen in 2022 and balanced by the need to contain inflationary pressure and sustain economic growth. This […]
Read MoreThe Tourism Authority of Thailand (TAT) is hoping to welcome at least 1 million tourists from the US next year after securing partnerships with Delta Air Lines and Korean Air to bring travellers from 17 gateway cities across the country. As Thailand does not have a flag carrier that can offer direct flights from the US, […]
Read MoreKUALA LUMPUR: Malaysia’s terms of trade showed positive growth in September 2022, rising 1.0 per cent month-on-month (m-o-m) to 113.0 points, and 6.8 per cent year-on-year (y-o-y) from 105.9 points in September 2021, said the Department of Statistics Malaysia (DOSM). In its External Trade Indices, September 2022 report, DOSM said this was contributed by the rises […]
Read MoreMALAYSIA’s central bank raised its overnight policy rate (OPR) by 25 basis points to 2.75 per cent on Thursday (Nov 3) in its fourth hike this year – a move that was expected by economists – to “pre-emptively manage the risk of excessive demand on price pressures”, said Bank Negara in its statement. The decision […]
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